The Securities and Exchange Board of India (SEBI) on Monday warned leading mutual fund group HSBC for contravening MF regulations. The asset management company (AMC) had changed the name as well as the index of the HSBC Gilt Fund in 2009 and the investors were not informed of the sudden changes in the scheme, the regulator said. Also, investors were not informed of the change in duration after extension, SEBI added.
source: www.karvymfs.com
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